Second Largest One-Year Rally In 35 Years, Opportunity At Hand

This asset has experienced a big move over the past year, the second largest one-year move in several decades. This assets rally has taken it up to falling resistance that first started in 2000, the move has taken momentum to a level not seen it 15-years and its hitting a Fibonacci 161%. Fibonacci extension level, while creating a bearish wick this week at these key levels. Sentiment finds itself at the same levels as 2009, nearly 75% on one side of this trade.  

Unusual performance can hatch unusual opportunities. Do you feel in time this could turn into an opportunity? What do you feel should be done here? We welcome your thoughts/opinions on this situation. If you would like to know the answer to this quiz, we would be happy to let you know what this is and what action we are taking at this time. (See comments for answer.)

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Comments

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Mary Hunt 5 years ago Contributor's comment

This from Chris Kimble: The answer to the quiz is an updated inverted chart on Crude Oil

From a seasonal, sentiment and pattern perspective the attached 3-pack on Gasoline reflects a unique set up is at hand.

We will be keeping Premium and Sector members abreast in these areas in the coming weeks...and likely the coming year

Joe Black 5 years ago Member's comment

Best (only) guess I've seen is a comment on your blog, from Murray, who thinks it's the dollar index. Cmon Chris, it's been 12 hrs, don't leave us on tenterhooks :-)